HUD Apartment Complex with
For Sale
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509 E Main St, Goldendale, WA 98620
36-unit HUD apartment complex with walk-up and single-story buildings, off-street parking, laundry, and on-site management.
Property SizeContact for details
Days on Market119
Property Features for 509 E Main St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
36
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Georgie Christensen-Riley · License #201253912
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 20 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Golden Arms Apartments is a 36-unit HUD apartment complex constructed in 1971 on a single parcel. The property includes 12 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and eight three-bedroom/one-bath units, with floorplans that vary between single-level and townhouse-style layouts. The community has off-street parking, a coin-operated laundry room, and a dedicated on-site manager’s office. Each unit is equipped with a ceiling fan, dishwasher, and a full-sized water heater, and most units include private patio space. Recent improvements include new roofs on all nine buildings and exterior paint, along with the addition of a community playground. Several units have been renovated with updated vinyl flooring, new cabinets, appliances (as needed), and fixtures.
The property is located on Main Street near the downtown area, providing convenient access to shopping, dining, and schools. The rent is regulated by a project-based Section 8 contract with HUD under a HAP contract executed in August 1983, which expires in 2031.
Management is currently handled by the seller, and local third-party management has been quoted at a 7% rate as reflected in the property financials.
The property is located on Main Street near the downtown area, providing convenient access to shopping, dining, and schools. The rent is regulated by a project-based Section 8 contract with HUD under a HAP contract executed in August 1983, which expires in 2031.
Management is currently handled by the seller, and local third-party management has been quoted at a 7% rate as reflected in the property financials.
Key Highlights
- Golden Arms Apartments is a 36‑unit HUD apartment complex in Goldendale, WA with a Section 8 project‑based HAP contract.
- Unit mix: 12 one‑bedroom/one‑bath, 16 two‑bedroom/one‑bath, and 8 three‑bedroom/one‑bath units; average unit size is 777 SF.
- Constructed in 1971 with two, two‑story walk‑up buildings and seven single‑story buildings on a single parcel.
Property Analytics
Current Use
Lease Details
36
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 98620, WA
7,655
Population
3,629
Households
2.1
Avg Household Size
49
Median Age
24%
College-Educated
90%
High-School Grad
468.3 sq mi
ZIP Area
16
Density / Sq Mi
$55,029
Median Household Income
$35,822
Median Earnings
$881
Median Rent
$252,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 36-unit HUD apartment complex with walk-up and single-story buildings, off-street parking, laundry, and on-site management.
Where is this apartment building located?
The property is located at 509 E Main St Goldendale, WA.
What are key features of this property?
This property features: Golden Arms Apartments is a 36‑unit HUD apartment complex in Goldendale, WA with a Section 8 project‑based HAP contract.; Unit mix: 12 one‑bedroom/one‑bath, 16 two‑bedroom/one‑bath, and 8 three‑bedroom/one‑bath units; average unit size is 777 SF.; Constructed in 1971 with two, two‑story walk‑up buildings and seven single‑story buildings on a single parcel.
